Arthur Hayes, co-founder of BitMEX, suggests that the end of QT may indicate $77,000 is the Bitcoin bottom. A reduction in the Fed’s securities sell-off could bolster Bitcoin’s liquidity and market sentiment.
As liquidity increases, analysts believe both crypto and equity markets could benefit. Noteworthy figures in the crypto community are optimistic about the Fed’s easing measures supporting these markets, despite Bitcoin currently trading 22% below its peak.